St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-22
PROMPTLY ARRESTED.
Three Bank Officials in Custody at
Cincinnati
For Wrecking the Fidelity---An
Eastern Scandal.

CINCINNATI, o., June 21.-The Fidel-
ity National bank was closed this morn
ing by order of the government through
its representative, Eugene Powell.
A meeting of the board of directors was
called at Z o'clock this morning. The
doors of the bank were closed and
policemen within and without guarded
the entrance against everybody except
persons having business with the safe
deposit department of the bank. The
sidewalks were lined with peo-
pie in the vicinity who were
earnestly discussing the situation with
out even knowing that government
bank examiner had been here or that
the doors had been closed by the gov
ernment. No notice had been posted,
and the only information given at the
door was that the doors were absolutely
closed to everybody except persons hav-
ing property in the safe deposit vaults.
An irate depositor created scene by
forcing himself half way into the door,
where he received heavy blow in the
face from some one inside, and was fin
ally taken away by the officers. He
said he left his money and his bank
book in there yesterday, and he wanted
at least his book. One of the officials
of the bank this morning assured a
friend, who had entered to the deposit
vaults, that the bank would pay
EVERY DOLLAR 1T OWED.
The directors meeting closed about
neon. but the doors still remained i'm
passable, being guarded by door
keeper and policeman within and
several policemen on the outside. The
crowd had all gone; and aside from the
policemen at the door and the few knots
of people along the square discussing
the situation, there was nothing to indi-
cate the occurrence of anything more
than usual. At the meeting of the
directors this morning, Mr.. Powell, the
bank examiner, announced that owing
to impairment of the banks resources,
the government would take charge of it
and would appoint a receiver to wind
up the business. The outcome was the
appointment Of John R. De Camp, vice
president of the Metropolitan National
bank, as receiver. and he was placed in
charge of the banks affairs. At
o'clock p. m, under affidavitS drawn by
Assistant United States District AttOr-
ney j. E. Bruce, and sworn to by Bank
Examiner Powell, Marshal Power went
to the Fidelity bank and
ARRESTED VICE PRESIDENT HARPER,
Cashier ANN Baldwin and Assistant
Cashier Benjamin E. Hopkins, They
were taken before United States Com
missioner Hooper, where they gave bail
for future appearance. Mr.. Harper's
bond was fixed at $4,000 and the other
two at S10, 900 each. The affidavit against
Harper charges that he did, on or
about June Is, unlawfully and willingly
misapply funds and credits of the Fidel-
ity Banking association, and did issue
certificates of deposit without authority
of the directory of said association and
with intent to defraud, to-wit: One
certificate for $30O,OO and one of $20,-
Co.," The affidavit against Baldwin
makes similar charges, fixing the date
at June 13, and. the papers and draft for
100000. Hopkins affidavit charges him
with having, on OF about June 8. unlaw-
fully issued certain drafts OF certificates
of deposit for large sums of money, to-
wit: $500, 600, with intent to defraud
said association. These affidavits fol-
low the language of section 500, United
States statutes. The penalty prescribed
therein is Imprisonment in the peniten-
tiary for not less than five years nor
more than ten.